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La Quinta Buys Stakes

La Quinta Inns Inc. said today that it had completed its acquisition of the stakes in some of its hotels owned by AEW Partners L.P. for $191 million in cash and stock. The company paid AEW Partners $48.2 million in cash and about 5.3 million shares of stock worth $142.7 million. La Quinta, based in San Antonio, now owns 29,819 of the 30,308 rooms in its hotel chain. The chain has 235 properties in 29 states.

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A version of this article appears in print on July 4, 1995, on Page 1001049 of the National edition with the headline: La Quinta Buys Stakes. Order Reprints|Today's Paper|Subscribe